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Alex Astral Power to set up 25 MW project in Bolangir

Alex Astral Power Pvt Ltd, a Kolkatta based company is planning to set up a 25 MW solar power project in the state of Orissa. The project will entail an investment of Rs. 3000 million and is likely to set up near Bolangir, where high radiation is likely. The project will be funded through a debt: equity ratio of 70:30. The power generated will be sold to GRIDCO at a tariff of Rs. 7/- and a PPA will be signed for a period of 25 years.

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